ETC On (UK) Market Value

LIVU Etf   77.40  0.56  0.73%   
ETC On's market value is the price at which a share of ETC On trades on a public exchange. It measures the collective expectations of ETC on CMCI investors about its performance. ETC On is selling for under 77.40 as of the 5th of December 2024; that is 0.73 percent increase since the beginning of the trading day. The etf's lowest day price was 77.4.
With this module, you can estimate the performance of a buy and hold strategy of ETC on CMCI and determine expected loss or profit from investing in ETC On over a given investment horizon. Check out ETC On Correlation, ETC On Volatility and ETC On Alpha and Beta module to complement your research on ETC On.
Symbol

Please note, there is a significant difference between ETC On's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETC On is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETC On's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

ETC On 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ETC On's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ETC On.
0.00
11/05/2024
No Change 0.00  0.0 
In 30 days
12/05/2024
0.00
If you would invest  0.00  in ETC On on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding ETC on CMCI or generate 0.0% return on investment in ETC On over 30 days. ETC On is related to or competes with Scottish Mortgage, VinaCapital Vietnam, Edinburgh Worldwide, Baillie Gifford, CT Private, Aberdeen New, and BlackRock Latin. ETC On is entity of United Kingdom. It is traded as Etf on LSE exchange. More

ETC On Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ETC On's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ETC on CMCI upside and downside potential and time the market with a certain degree of confidence.

ETC On Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ETC On's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETC On's standard deviation. In reality, there are many statistical measures that can use ETC On historical prices to predict the future ETC On's volatility.
Hype
Prediction
LowEstimatedHigh
76.3276.8477.36
Details
Intrinsic
Valuation
LowRealHigh
69.1682.7283.24
Details
Naive
Forecast
LowNextHigh
77.2577.7878.30
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
75.4176.2777.14
Details

ETC on CMCI Backtested Returns

Currently, ETC on CMCI is very steady. ETC on CMCI retains Efficiency (Sharpe Ratio) of 0.31, which denotes the etf had a 0.31% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for ETC On, which you can use to evaluate the volatility of the entity. Please confirm ETC On's Coefficient Of Variation of 349.07, downside deviation of 0.5642, and Market Risk Adjusted Performance of 1.96 to check if the risk estimate we provide is consistent with the expected return of 0.17%. The etf owns a Beta (Systematic Risk) of 0.0746, which means not very significant fluctuations relative to the market. As returns on the market increase, ETC On's returns are expected to increase less than the market. However, during the bear market, the loss of holding ETC On is expected to be smaller as well.

Auto-correlation

    
  0.09  

Virtually no predictability

ETC on CMCI has virtually no predictability. Overlapping area represents the amount of predictability between ETC On time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ETC on CMCI price movement. The serial correlation of 0.09 indicates that less than 9.0% of current ETC On price fluctuation can be explain by its past prices.
Correlation Coefficient0.09
Spearman Rank Test-0.08
Residual Average0.0
Price Variance0.36

ETC on CMCI lagged returns against current returns

Autocorrelation, which is ETC On etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ETC On's etf expected returns. We can calculate the autocorrelation of ETC On returns to help us make a trade decision. For example, suppose you find that ETC On has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

ETC On regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ETC On etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETC On etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETC On etf over time.
   Current vs Lagged Prices   
       Timeline  

ETC On Lagged Returns

When evaluating ETC On's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETC On etf have on its future price. ETC On autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ETC On autocorrelation shows the relationship between ETC On etf current value and its past values and can show if there is a momentum factor associated with investing in ETC on CMCI.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in ETC Etf

ETC On financial ratios help investors to determine whether ETC Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ETC with respect to the benefits of owning ETC On security.